Feds Arrest 74 Email Fraudsters Involved in Nigerian BEC Scams

The United States Department of Justice announced Monday the arrest of 74 email fraudsters across three continents in a global crackdown on a large-scale business email compromise BEC scheme. The arrest was the result of a six-month-long operation dubbed "Operation Wire Wire" that involved the US...

IC3 Issues Alert on Increase in W-2 Phishing Campaigns

The Internet Crime Complaint Center IC3 has issued an alert on the increase in W-2-related phishing campaigns. Fraudsters often use tax-related phishing emails to get victims to provide personally identifiable information, click on a malicious link, or pay a ransom. NCCIC/US-CERT encourages...

Romance Scams Drive Necurs Botnet Activity in Run Up to Valentine’s Day

Necurs botnet activity is spiking as scammers use the network to flood inboxes with promises of companionship, in part of a seasonal wave of Valentine’s Day-themed spam. Victims are encouraged to share revealing photos of themselves, which scammers later use as leverage in extortion shakedowns. T...

Jackpotting Attacks Against US ATMs

Brian Krebs is reporting sophisticated jackpotting attacks against US ATMs. The attacker gains physical access to the ATM, plants malware using specialized electronics, and then later returns and forces the machine to dispense all the cash it has inside. The Secret Service alert explains that the...

NukeBot Banking Trojan Source Code Leaked Online by Author

The author behind NukeBot, a modular banking Trojan, released source code for the malware earlier this month in an apparent effort to regain the trust of the cybercrime community. Gosya, NukeBot’s creator, posted a GitHub link to the malware, calling it a “zeus-like banking trojan,” on several...

IC3 Warns of Extortion Email Schemes

The Internet Crime Complaint Center IC3 has issued an alert on extortion schemes that relate to recent high-profile data thefts. Fraudsters often use the news release of high-profile data breaches to scare victims into clicking on a link or paying a ransom. US-CERT encourages users and...

'Real Footage of Malaysian Flight MH 17 Shot Down' Facebook Spam Spreads Malware

A distasteful trend among the cyber crooks have began these days that they left no occasion, either good or bad, to snatch users’ financial information in order to make money as well as spread malware to victimize users. The tragedy of the crashed Malaysia Airlines flight MH17 is no exception for...

Warning: "A new message from Skype Voicemail Service" spam leads to Zeus Malware

Skype has been targeted by cyber criminals again this week. Users are receiving a new Spam Email with subject "You received a new message from the Skype voice mail service.", that actually leads to Zeus Malware. Zeus is a Trojan horse that attempts to steal confidential information from the...

Criminals rapidly migrating to new digital Currency 'Perfect Money' after Liberty Reserve takedown

There are so many ways to move money anonymously on the Internet and US Justice Department has declared war on currencies widely used by cyber criminals. Just after the Law Enforcement in 17 countries shuts down 'Liberty Reserve', a $6 billion digital money laundering operation, now the criminals...

eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard

eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard In the past, a lost wallet, stolen credit card, or misplaced ID were among the paramount culprits of identity theft.Today, one need not lose a thing to eventually lose it all. commerce merchants have a new tool at their disposa...

Six arrested for Million Pounds phishing scam

Six arrested for Million Pounds phishing scam Six people from London and the North West were being questioned by police on Friday in connection with a £1 million phishing scam that drained the bank accounts of hundreds of UK students. That is a lot of beer and book money, and the police said that...

Cyber terrorism among greatest challenges of today for India !

Your credit card number and its code is the new currency in contemporary world where thieves skim the money right from your banking account. It is the new world where the cyberspace poses threats along with its immense impact on how we live and conduct our day-to-day business - it is the topic of...

Fee Scam By Fraudsters Went Unnoticed

According to the FTC, the fraudsters charged 1.35 million credit cards a total of $9.5 million, but only 78,724 of these fake charges were ever noticed. Typically they floated just one charge per card number, billing on behalf of made-up business names such as Adele Services or Bartelca LLC. Read...

Strong Authentication Has Been Weakened

Fraudsters have started to raid user accounts by beating strong two-factor authentication methods with Trojan-based, man-in-the-browser attacks, said Gartner Research. Read the full article. Help Net Security...

New Spam Targets Payment System

A new spam campaign is targeting a financial transfer system that handles trillions of dollars in transactions annually and has proved to be a fertile target of late for online fraudsters. The spam messages pretend to come from the National Automated Clearing House Association NACHA, a U.S...

Consumers Should Clean Up Their Act on Personal Security

The growing use of social networking sites is leaving PC inadvertently open to identity thieves warned Hugh Thompson, chief security strategist at People Security. Speaking at the RSA Europe Conference, Thompson said that people were unaware just how many clues they left for fraudsters. He said...